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Nakheel eyes attracting UK investors to AED 58bn worth of Dubai properties

Nakheel eyes attracting UK investors to AED 58bn worth of Dubai properties
Over 29,000 British citizens have invested AED 88 billion in Dubai property

Mubasher: UAE-based Nakheel on Wednesday announced that it was heading back to the UK to showcase a plethora of real estate projects valued at AED 58 billion (GBP 12 billion or $15.8 billion) at the Dubai Property Show at London Olympia.

“More than 29,000 British citizens have invested AED 88 billion (GBP 18.6 billion) in Dubai property, according to the Dubai Land Department, with Nakheel’s own customer portfolio including 2,530 Britons who have spent AED 5 billion (GBP 1 billion) on its properties,” Nakheel said in a statement.

Nakheel's chief commercial officer Aqil Kazim described the Dubai Property Show as "a golden opportunity" for the Dubai-based developer to showcase its projects, noting that UK investors made up the "third largest group of investors outside the Middle East.

"Dubai is a magnet for expatriates to live and work in the emirate. These people need accommodation, creating a huge demand for rental properties, which offer impressive investment returns of 6% and over,” Nakheel added.